Nuvei price target lowered to $26 from $42 at Credit Suisse

Credit Suisse analyst Timothy Chiodo lowered the firm’s price target on Nuvei to $26 from $42 and keeps an Outperform rating on the shares. The firm points out that full year 2023 and medium-term revenue guidance was reduced, with management noting longer implementation periods and the offloading of a top 10 customer impacting current year expectations.